Reimagining Compliance With AUSTRAC Screening Requirements
Case Study
Client case study
Inside this Document:
Challenge
Historically, organisations would meet AUSTRAC’s customer identification obligation by providing a significant volume of customer-sensitive data to an external party, presenting a significant data security risk.
Solution
InvestigateDQ team has developed a fit-for-purpose solution, called Screen, which has been designed to support customer screening obligations and help ease pressure on financial and other heavily regulated organisations, whilst ensuring customer data never leaves an organisation's secure infrastructure.
Result
InvestigateDQ’s Screen module, enabled our client to become more proactive in their screening of customer data, implementing a process that has new records checked daily and all records screened weekly. All without customer data ever leaving the clients secure environment.
